Where there's a will, there's a way!
If you're a veteran, VA loan is for you.............there're also very few 100% program left and ultimately.......find a motivated seller, and I'll help you get your 100% finance struutured.
I am in the Tampa area and sell lots in Pasco so if I can be of assistance to you in finding a mortgage professional who can help you with your financing and/or can help you find you your new home, please contact me! It IS a great time to buy.
One last thing-Don't forget if you close on your new home before Dec 31st you can get your homestead exemption for next year and you can take advantage of the $7500 tax credit that the government is giving to home buyers!
Best of luck to you!
Robin Landis, ERA Dennis Realty
There are still "my community" programs as well as the VA and rural development programs mentioned that finance with no down payment. That doesn't mean that you won't have to spend any money. There are still closing costs, moving expenses and the like as well. More importantly, I should be asking you "100% of what?" as many first time buyers are not aware that banks (mine included) consider the lesser of the sale price or the appraised value to be "100%" I would be happy to go over that with you and discuss how to minimize its impact on the purchase of your new home.
Eagle Nationwide Mortgage Company, a subsidiary of Eagle National Bank
I have been involved in three 100% finance transactions this year and it depends on the situation. Two of them were VA loans where the seller agreed to make a contribution to the buyer's closing cost which covered all of their costs. The other was a builder that we were able to negotiate for them to pay all closing costs, using the builder's preferred lender. It is a good idea to talk with a lender to learn about all of the available programs to see what is going to fit your needs.
I am a direct lender and offer 100% financing under VA and USDA. If you are not eligible for either of these programs, then the next best program is FHA, which requires that you have 3% into the transaction, which may be gifted from a relative. In January, the investment requirement will be 3.50%. The seller may also contribute up to 6% of the purchase price, which is very common.
I will be happy to preapprove you for the program that best suits your needs. Please feel free to contact me at any time. Have a great day.
Jackie Pulcano, SVP
United Mortgage Corp